Essay: Overview of Boeing

Sample Essay

Being is one of the two largest aeronautic products manufacturing and aerospace company. It is a main competitor of the Airbus and has been experiencing terms of monopoly as well as monopolistic competition since the 1950s. The company is famous and well known for the manufacture of jet liners, commercial jets as well as military aircrafts. Aside form this however the company also diversifies into stealth products based in the aerospace filed as well. The operations of the company span to about 145 countries, however the headquarters for the company is at Chicago Illinois, United States of America. In 2006 the company became the largest and the most powerful airspace business as it attained 55% of the aerospace market in the industry.

The company employees up to 154,000 people in its various operations as recorded till 2007. “The company recorded revenues of $61,530 million during the fiscal year ended December 2006, an increase of 14.7% over 2005. The operating profit of the company was $3,014 million during fiscal year 2006, an increase of 7.2% over 2005. The net profit was $2,215 million in fiscal year 2006, a decrease of 13.9% compared to 2005.” (Datamonitor, 2005)

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